Legacy Investing & Wealth Management Market Mondays – 12/18/17

My blog brought to you by Legacy Investing & Wealth Management gives you a quick and easy read focusing on stock market education, empowering the newer investor as well as giving you the most recent stock market analysis. For more information including past blogs please go to www.LegacyInvesting.net; look for the Market Mondays tab under “The Legacy” for all blogs.

It’s been a few months since my last blog and I’ve been busy as ever. Don’t worry, you’re going to start hearing from me with a little more regularity soon.

This is a special debt busters edition as I have a testimony to share. A while back I posted a blog about making sure your income was a lot more than your expenses. Since I like to practice what I preach, I took a part-time job at the beginning of the year. A new administration took over and there was a lot of uncertainty on what taxes would look like among other things. Although I didn’t really need a part-time job there was a method to my madness. For starters, I wanted to do something I’ve never done before: Pay off my new 5-year auto loan in 8 months. Every month, I made a large additional principal-only payment and do you know this month my car is now paid off 4 years and 4 months early! Since I’ve achieved everything I set out to do, I let go of the part-time job just in time for the holidays!

The same thing can be achieved with a mortgage, student loans or any other type of debt. As you can tell, I hate debt and love the idea of living without any financial worries. I strive to be able to pay cash for everything one day, including cars and other big-ticket items. As long as you’re in debt you’re not totally free (Proverbs 22:7) and I want the most fulfilling life for myself, my family, and for you too! I hope this encourages someone to do what may seem like the impossible and tackle your debt. Having a plan and sticking with it is key to achieving anything you want in life.

The S&P 500 has gone up over 200 points or roughly 8% since the last time I blogged. We ended the day today at an all-time high of 2690. We still haven’t had a meaningful correction which is a little scary because whenever it happens it could be more than what we want. All small dips have been bought and the market keeps marching higher.

Here is what’s moving the market higher: Passage of the tax overhaul with the centerpiece being the much lower 21% corporate tax rate, much better-than-expected retail numbers, and continued global growth. I don’t see anything stopping the rally and any sell-offs will probably be short lived and once again buying opportunities.

Bitcoin has continued higher and has probably been the best investment for those early believers this year. I give anyone props who bought below $1000 in January and held all year long. We are now flirting with $20,000 per Bitcoin, up a whopping 2,200% this year alone!

Please visit our website at www.LegacyInvesting.net and contact us today for a FREE consultation on becoming financially fit and learning how to make money investing in the financial markets. You can make money in ANY type of market (bull or bear). When we meet I’ll give you more information about our services and find out what your financial goals are. If I can help you, we can move forward; if not, no problem but I’m always just a phone call away from any questions or quick advice you want. Get your finances in shape in the New Year! From my family to yours I wish you a happy holiday season and the best and brightest year ahead.

Disclaimer – Legacy Investing & Wealth Management LLC or any of its advisers are not liable in any way for any losses incurred through trading by readers of this weekly blog. Any information or strategies of trading suggested here involve risk of capital loss and this weekly blog is not considered investment advice. Individuals who invest in securities are solely and completely responsible for any and every outcome that may occur.

About legacyinvesting2015

Doug Hayes has always had a mindset of entrepreneurship and wealth building. He started his first business (a community newspaper called “Doug’s Monthly”) at 12 years old. Having always shown an interest with numbers and budgetary management, Doug pursued a Bachelor of Business Administration degree at Howard University, graduating in 1996. By the age of 23, he bought his first house and by 25 he was running his own successful limousine and sedan service in the Detroit, MI area.
Doug invested in more real estate beginning in 2006, then in 2008 he saw many good companies substantially undervalued in the stock market because of the financial crisis. It was absolute panic so he took a chance on a few companies, knowing we would eventually come out of the recession and made a profit. He educated himself on investing in the stock market through continuous research and surrounding himself with other traders. He took control of his own 401K and established an IRA account by transferring old 401K’s into it. This gave him flexibility to use various strategies to yield better returns.
Doug's own finances have seen highs and lows so he designed a budget system he calls The Roadmap to Financial Freedom. This system helped him to stay focused in paying down debt, saving money, and planning for an early retirement.
Seeing an absence of financial literacy in our society coupled with his Christian roots, Doug developed a passion for helping others become successful in financial management. Through the experience he’s gained trading the stock market, he wants to help people develop a road map for building generational wealth. He says "many people have a misconception of the stock market because of their lack of knowledge, but it has proven to be the biggest wealth creator known to man." With Doug’s 20-plus years of experience in financial management, customer service and sales, he wants to educate and help you create a legacy that can be passed down for generations to come.
Contact Legacy Investing & Wealth Management today for a free consultation.